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Inventories, Liquidity, and the Macroeconomy (JEL E13, E20, E32)

by Yi Wen2008-045
(Dec 2008)
 Abstract
 Full text

Dynamics of Externalities: A Second-Order Perspective (JEL C63, E0, E32)

by Huabin Wu2008-044
(Nov 2008)
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 Full text

The Stability of Macroeconomic Systems with Bayesian Learners (JEL D83, D84, E00)

by James B. Bullard, and Jacek Suda2008-043
(Nov 2008)
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Do European Capital Flows Comove? (JEL F32, F34, F36)

by Silvio Contessi, and Pierangelo DePace2008-042
(Nov 2008)
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The Cyclical Properties of Disaggregated Capital Flows (JEL E32, F21, F32, F36)

by Silvio Contessi, Pierangelo DePace, and Johanna Francis2008-041
(Nov 2008)
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Are Children 'Normal'? (JEL J13, J40)

by Dan Black, Natalia Kolesnikova, Seth G. Sanders, and Lowell J. Taylor2008-040
(Oct 2008)
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 Full text

Did Prepayments Sustain the Subprime Market? (JEL D82, D86, G21)

by Geetesh Bhardwaj, and Rajdeep Sengupta2008-039
(Oct 2008)
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 Full text

Government Response to Home Mortgage Distress: Lessons from the Great Depression (JEL G21, G28, N22)

by David C. Wheelock2008-038
(Oct 2008)
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Combining Forecasts From Nested Models

by Todd E. Clark, and Michael W. McCracken2008-037
(Oct 2008)
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 Full text

Where's the Smoking Gun? A Study of Underwriting Standards for US Subprime Mortgages (JEL D82, D86, G21)

by Geetesh Bhardwaj, and Rajdeep Sengupta2008-036
(Oct 2008)
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 Full text

Macroeconometric Equivalence, Microeconomic Dissonance, and the Design of Monetary Policy (JEL E22, E30, E52)

by Andrew T. Levin, J. David López-Salido, Edward Nelson, and Tack Yun2008-035
(Oct 2008)
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The Interplay between Preemptive and Defensive Counterterrorism Measures: A Two-Stage Game (JEL D62, H40)

by Subhayu Bandyopadhyay, and Todd Sandler2008-034
(Oct 2008)
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Are Credit Unions Too Small? (JEL C12, C13, C14, G21, L11)

by David C. Wheelock, and Paul Wilson2008-033
(Sep 2008)
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The Great Inflation: Did The Shadow Know Better? (JEL B22, E31, E52, E58, N12)

by William Poole, Robert H. Rasche, and David C. Wheelock2008-032
(Sep 2008)
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Asset Prices, Exchange Rates and the Current Account (JEL C30, F32, F40)

by Marcel Fratzscher, Luciana Juvenal, and Lucio Sarno2008-031
(Aug 2008)
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Averaging Forecasts from VARs with Uncertain Instabilities (JEL C32, C53, E37)

by Todd E. Clark, and Michael W. McCracken2008-030
(Aug 2008)
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Tests of Equal Predictive Ability with Real-Time Data

by Todd E. Clark, and Michael W. McCracken2008-029
(Aug 2008)
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Improving Forecast Accuracy by Combining Recursive and Rolling Forecasts

by Todd E. Clark, and Michael W. McCracken2008-028
(Aug 2008)
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 Full text

Threshold Adjustment in Deviations from the Law of One Price (JEL C22, F31, F41)

by Luciana Juvenal, and Mark P. Taylor2008-027
(Aug 2008)
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City Business Cycles and Crime (JEL K42, R10)

by Thomas A. Garrett, and Lesli S. Ott2008-026
(Aug 2008)
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Is Inflation an International Phenomenon? (JEL C32, E31, E52, F42)

by Christopher J. Neely, and David E. Rapach2008-025
(Aug 2008)
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Endogenous Productivity and Multiple Steady States (JEL L16, O11, O33, O40)

by Levon Barseghyan, and Riccardo DiCecio2008-023
(Jul 2008)
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The Loan Structure and Housing Tenure Decisions in an Equilibrium Model of Mortgage Choice

by Matthew Chambers, Carlos Garriga, and Don Schlagenhauf2008-024
(Jun 2008)
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 Full text

Enlargement and Common External Tariff in a Political-Economic Model of Customs Union (JEL F13)

by Subhayu Bandyopadhyay, Sajal Lahiri, and Suryadipta Roy2008-022
(Jun 2008)
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Real Interest Rate Persistence: Evidence and Implications (JEL C22, E21, E44, E52, E62, G12)

by Christopher J. Neely, and David E. Rapach2008-018
(Jun 2008)
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Institutional Causes of Macroeconomic Volatility

by Levon Barseghyan, and Riccardo DiCecio2008-021
(Jun 2008)
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Institutions and Government Growth: A Comparison of the 1890s and the 1930s

by Thomas A. Garrett, and Russell M. Rhine2008-020
(Jun 2008)
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 Full text

Oil Crisis, Energy-Saving Technological Change and the Stock Market Crash of 1973-74

by Sami Alpanda, and Adrian Peralta-Alva2008-019
(Jun 2008)
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A Macroeconomic Analysis of Obesity

by Pere Gomis-Porqueras, and Adrian Peralta-Alva2008-017
(Jun 2008)
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Local Price Variation and Labor Supply Behavior

by Dan Black, Natalia Kolesnikova, and Lowell J. Taylor2008-016
(Jun 2008)
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Optimal Monetary and Fiscal Policies in a Search Theoretic Model of Monetary Exchange

by Pere Gomis-Porqueras, and Adrian Peralta-Alva2008-015
(Jun 2008)
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 Full text

Resuscitating the Credit Cycle (JEL E32, E44, E63)

by Patrick A. Pintus, and Yi Wen2008-014
(Jun 2008)
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 Full text

Why Money Growth Determines Inflation in the Long Run: Answering the Woodford Critique (JEL E43, E51, E52)

by Edward Nelson2008-013
(May 2008)

 Full text

Inflation, Monetary Policy and Stock Market Conditions (JEL E31, E52, G12, N12, N22)

by Michael D. Bordo, Michael J. Dueker, and David C. Wheelock2008-012
(May 2008)

 Full text

Monetary Policy: Why Money Matters and Interest Rates Don't (JEL E41, E43, E52)

by Daniel L. Thornton2008-011
(May 2008)

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Non-Linear Predictability in Stock and Bond Returns: When and Where Is It Exploitable? (JEL C32, C53, E44, G12)

by Massimo Guidolin, Stuart Hyde, David McMillan, and Sadayuki Ono2008-010
(Apr 2008)

 Full text

Oil and the U.S. Macroeconomy: An Update and a Simple Forecasting Exercise (JEL E37, E66, Q43)

by Kevin L. Kliesen2008-009
(Apr 2008)

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Input and Output Inventory Dynamics (JEL E13, E20, E32)

by Yi Wen2008-008
(Mar 2008)

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When Does Determinacy Imply Expectational Stability? (JEL D8, E3, E4)

by James B. Bullard, and Stefano Eusepi2008-007
(Feb 2008)

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The Dynamic Interaction of Order Flows and the CAD/USD Exchange Rate (JEL C32, F31, F37)

by Nikola Gradojevic, and Christopher J. Neely2008-006
(Feb 2008)

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Equity Portfolio Diversification under Time-Varying Predictability and Comovements: Evidence from Ireland, the US, and the UK (JEL C32, F30, G11, G15, M13)

by Massimo Guidolin, and Stuart Hyde2008-005
(Jan 2008)

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Offshoring, Economic Insecurity, and the Demand for Social Insurance (JEL F16, J31, J65)

by Richard G. Anderson, and Charles S. Gascon2008-003
(Jan 2008)

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Convergence in the United States: A Tale of Migration and Urbanization (JEL O51, R11, R23)

by Riccardo DiCecio, and Charles S. Gascon2008-002
(Jan 2008)

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Multivariate Markov Switching With Weighted Regime Determination: Giving France More Weight than Finland (JEL C22, C25, F42)

by Michael J. Dueker, and Martin Sola2008-001
(Jan 2008)

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2007

Comment on Harding and Pagan 'The Econometric Analysis of Some Constructed Binary Time Series' (JEL C35, E32, E37)

by Michael J. Dueker2007-054
(Dec 2007)

 Full text

The Tax Treatment of Homeowners and Landlords and the Progressivity of Income Taxation

by Matthew Chambers, Carlos Garriga, and Don Schlagenhauf2007-053
(Dec 2007)

 Full text

The Microstructure of the U.S. Treasury Market (JEL D53, E43, E44, G12)

by Bruce Mizrach, and Christopher J. Neely2007-052
(Dec 2007)

 Full text

A General Equilibrium Theory of College with Education Subsidies, In-School Labor Supply, and Borrowing Constraints

by Carlos Garriga, and Mark P. Keightley2007-051
(Nov 2007)

 Full text

States and the Business Cycle (JEL E32, R12)

by Michael T. Owyang, David E. Rapach, and Howard J. Wall2007-050
(Nov 2007)

 Full text

Equilibrium Mortgage Choice and Housing Tenure Decisions with Refinancing

by Matthew Chambers, Carlos Garriga, and Don Schlagenhauf2007-049
(Nov 2007)

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The Impact of Milton Friedman on Modern Monetary Economics: Setting the Record Straight on Paul Krugman's 'Who Was Milton Friedman?' (JEL E31, E51, E58)

by Edward Nelson, and Anna J. Schwartz2007-048
(Oct 2007)

 Full text

Multivariate Forecast Evaluation and Rationality Testing (JEL C32, C53)

by Ivana Komunjer, and Michael T. Owyang2007-047
(Oct 2007)

 Full text

Urban Crime and Labor Mobility (JEL H73, K42, R23)

by Subhayu Bandyopadhyay, and Christopher H. Wheeler2007-046
(Oct 2007)

 Full text

Human Capital Externalities and Adult Mortality in the U.S. (JEL I10, I20, J10, R10)

by Christopher H. Wheeler2007-045
(Oct 2007)

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Lending to Uncreditworthy Borrowers (JEL D43, G21)

by Rajdeep Sengupta2007-044
(Oct 2007)

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The Labor Supply of Married Women: Why Does It Differ Across U.S. Cities? (JEL J21, J22, R23, R41)

by Natalia Kolesnikova2007-043
(Oct 2007)

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Inter-temporal Differences in the Income Elasticity of Demand for Lottery Tickets (JEL H22, H71)

by Thomas A. Garrett, and Cletus C. Coughlin2007-042
(Oct 2007)

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Optimal Response to a Transitory Demographic Shock in Social Security Financing

by Juan Carlos Conesa, and Carlos Garriga2007-041
(Sep 2007)

 Full text

Mortgage Contracts and Housing Tenure Decisions

by Matthew Chambers, Carlos Garriga, and Don Schlagenhauf2007-040
(Sep 2007)

 Full text

The Unusual Behavior of the Federal Funds and 10-Year Treasury Rates: A Conundrum or Goodhart's Law? (JEL E43, E52)

by Daniel L. Thornton2007-039
(Sep 2007)

 Full text

Political Asymmetry and Common External Tariff in a Customs Union (JEL F13)

by Subhayu Bandyopadhyay, Sajal Lahiri, and Suryadipta Roy2007-038
(Sep 2007)

 Full text

The Optimal Inflation Target in an Economy with Limited Enforcement (JEL E31, E42, E58)

by Gaetano Antinolfi, Costas Azariadis, and James B. Bullard2007-037
(Sep 2007)

 Full text

Optimal Taxation with Imperfect Competition and Aggregate Returns to Specialization

by Javier Coto-Martínez, Carlos Garriga, and Fernando Sánchez-Losada2007-036
(Aug 2007)

 Full text

Optimal Fiscal Policy in the Design of Social Security Reforms (JEL E62, H21)

by Juan Carlos Conesa, and Carlos Garriga2007-035
(Aug 2007)

 Full text

Accounting for Changes in the Homeownership Rate

by Matthew Chambers, Carlos Garriga, and Don Schlagenhauf2007-034
(Aug 2007)

 Full text

Incomplete Information and Self-fulfilling Prophecies

by Pengfei Wang, and Yi Wen2007-033
(Aug 2007)

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Jumps, Cojumps and Macro Announcements

by Jérôme Lahaye, Sébastien Laurent, and Christopher J. Neely2007-032
(Aug 2007)

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Earnings Functions When Wages and Prices Vary by Location (JEL J24, J31, R23)

by Dan Black, Natalia Kolesnikova, and Lowell J. Taylor2007-031
(Aug 2007)

 Full text

Managing International Portfolios with Small Capitalization Stocks

by Massimo Guidolin, and Giovanna Nicodano2007-030
(Aug 2007)

 Full text

Global Indeterminacy in Locally Determinate RBC Models (JEL C62, E13, E32)

by Tarek Coury, and Yi Wen2007-029
(Aug 2007)

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Comments on Orphanides and Williams' (JEL D8, E0)

by James B. Bullard2007-028
(Jun 2007)

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Learning and the Great Moderation (JEL D8, E3)

by James B. Bullard, and Aarti Singh2007-027
(Jun 2007)

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A Defense of the RBC Theory: Understanding the Puzzling Effects of Technology Shocks (JEL E31, E32, E52)

by Pengfei Wang, and Yi Wen2007-026
(Jun 2007)

 Full text

Monetary Policy and Natural Disasters in a DSGE Model: How Should the Fed Have Responded to Hurricane Katrina? (JEL E31, E32, E42)

by Benjamin D. Keen, and Michael R. Pakko2007-025
(Jun 2007)

 Full text

Trade and Child Labor: A General Equilibrium Analysis

by Subhayu Bandyopadhyay, and Sudeshna C. Bandyopadhyay2007-024
(May 2007)

 Full text

Foreign Aid and Export Performance: A Panel Data Analysis of Developing Countries (JEL F35, O24)

by Jonathan Munemo, Subhayu Bandyopadhyay, and Arabinda Basistha2007-023
(May 2007)

 Full text

Corruption and Trade Protection: Evidence from Panel Data (JEL F13, O24)

by Subhayu Bandyopadhyay, and Suryadipta Roy2007-022
(May 2007)

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Nash Equilibrium Tariffs and Illegal Immigration: An Analysis of Preferential Trade Liberalization (JEL F11, F22)

by Subhayu Bandyopadhyay, and Ryo Takashima2007-021
(May 2007)

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Monetary Policy and Stock Market Booms and Busts in the 20th Century (JEL E30, E52, G18, N10, N20)

by Michael D. Bordo, Michael J. Dueker, and David C. Wheelock2007-020
(May 2007)

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Multivariate Contemporaneous Threshold Autoregressive Models (JEL C32, G12)

by Michael J. Dueker, Zacharias Psaradakis, Martin Sola, and Fabio Spagnolo2007-019
(May 2007)

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Understanding the Puzzling Effects of Technology Shocks (JEL E31, E32, E52)

by Pengfei Wang, and Yi Wen2007-018
(Apr 2007)

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Affiliated Mutual Funds and Analyst Optimism (JEL G20, G24, G30)

by Simona Mola, and Massimo Guidolin2007-017
(Apr 2007)

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Mean-Variance vs. Full-Scale Optimization: Broad Evidence for the UK (JEL G11)

by Björn Hagströmer, Richard G. Anderson, Jane M. Binner, Thomas Elger, and Birger Nilsson2007-016
(Apr 2007)

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Supply Shocks, Demand Shocks, and Labor Market Fluctuations (JEL C32, E24, E32, J63)

by Helge Braun, Reinout De Bock, and Riccardo DiCecio2007-015
(Apr 2007)

 Full text

2006

Is There Too Little Immigration? (JEL F22, J61)

by Subhayu Bandyopadhyay, and Howard J. Wall2006-062
(Dec 2006)

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The Expectation Hypothesis of the Term Structure of Very Short-Term Rates: Statistical Tests and Economic Value (JEL E43, G10)

by Pasquale Della Corte, Lucio Sarno, and Daniel L. Thornton2006-061
(Nov 2006)

 Full text

Oil Dependence and Economic Instability (JEL E13, E20, E30)

by Luís Aguiar-Conraria, and Yi Wen2006-060
(Nov 2006)

 Full text

The Economic and Statistical Value of Forecast Combinations under Regime Switching: An Application to Predictable US Returns (JEL C32, C53, E44, G12)

by Massimo Guidolin, and Carrie Fangzhou Na2006-059
(Oct 2006)

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Strategic Online-Banking Adoption (JEL C41, G21, L10, O31)

by Roberto Fuentes, Rubén Hernández-Murillo, and Gerard Llobet2006-058
(Oct 2006)

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Controlling for Geographic Dispersion When Estimating the Japanese Phillips Curve (JEL E2, J6)

by Hiroshi Fujiki, and Howard J. Wall2006-057
(Oct 2006)

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The Economic Performance of Cities: A Markov-Switching Approach (JEL R11)

by Michael T. Owyang, Jeremy M. Piger, Howard J. Wall, and Christopher H. Wheeler2006-056
(Oct 2006)

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Trends in the Distributions of Income and Human Capital within Metropolitan Areas: 1980-2000 (JEL D31, J10, R23)

by Christopher H. Wheeler, and Elizabeth A. La Jeunesse2006-055
(Oct 2006)

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Forecasting Inflation and Output: Comparing Da